Latest reading: Harmonized consumer prices were up 3.0% on a year-on-year basis in July, following a 2.5% increase in the...
Inflation in Kazakhstan
Consumer price inflation in Kazakhstan averaged 9.1% in the ten years to 2024, in line with the CIS Countries regional average of 7.9%. The 2024 average figure was 8.7%. For more information on inflation, visit our dedicated page.
Kazakhstan Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Kazakhstan from 2014 to 2025.
Source: Macrobond.
Kazakhstan Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 8.0 | 15.0 | 14.5 | 8.7 | 11.4 |
| Inflation (CPI, ann. var. %, eop) | 8.4 | 20.3 | 9.8 | 8.6 | 12.3 |
Inflation decelerates in July from the prior month
Latest reading: Consumer prices were up 10.2% on a year-on-year basis in July, following a 10.3% rise in the prior month. July's reading was the weakest since March 2025. Relative to the previous month's data, there were reduced price pressures for food and non-alcoholic beverages (+10.0% on a year-on-year basis vs +10.3% in June), transportation (+11.6% vs +11.9% in June) and restaurants and hotels (+10.9% vs +11.1% in June). In contrast, there were higher price pressures for housing and utilities (+5.7% vs +5.1% in June) and health (+14.6% vs +13.7% in June). Lastly, consumer prices rose 0.60% in July in month-on-month terms, following a 0.80% increase in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kazakhstani inflation projections for the next ten years from a panel of 23 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Kazakhstani inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kazakhstani inflation projections.
Want to get access to the full dataset of Kazakhstani inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Netherlands: Inflation picks up in July from the prior month -
Italy: Inflation eases in July from the prior month Latest reading: Harmonized consumer prices increased 2.9% in annual terms in July, following a 3.0% increase in the previous month.... -
Portugal: Inflation is unchanged in July Latest reading: Harmonized consumer prices were up 3.1% in annual terms in July, unchanged from the previous month’s reading. Relative... -
Bulgaria: Inflation ebbs in July from the prior month Latest reading: Harmonized consumer prices increased 4.4% on a year-on-year basis in July, following a 5.2% rise in the previous... -
Germany: Inflation rises in July from June Latest reading: Harmonized consumer prices rose 2.8% in annual terms in July, up from 2.4% in June and marking the... -
Estonia: Inflation stabilizes in July Latest reading: Harmonized consumer prices increased 2.0% in annual terms in July, unchanged from the previous month’s reading. July’s reading... -
Latvia: Inflation decelerates in July from the prior month Latest reading: Harmonized consumer prices were up 2.5% on a year-on-year basis in July, following a 3.3% rise in the...